shadow director
Definition
Holder of controlling or majority stock (share) of a private firm who is not (technically) a director and does not openly participate in the firm's governance, but whose directions or instructions are routinely complied with by the employees or other the directors. In the eyes of law, he or she is a de facto director and is held equally liable for the obligations of the firm with the other de facto and de jure directors.
shadow director is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
shadow director appears in the definition of the following term: de facto director
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